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Curtis invests $325,000 in a city of Athens bond that pays 5.25 percent interest. Alternatively, Curtis could have invested the $325,000 in a bond recently

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Curtis invests $325,000 in a city of Athens bond that pays 5.25 percent interest. Alternatively, Curtis could have invested the $325,000 in a bond recently issued by Initech, Inc. that pays 750 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent of Curtis invested in the Initech, Inc. bonds, what would be his after-tax rate of return from this investment? Multiple Choice 418 percent 05-25 percent 570 percent 238 percent None of the choices are correct

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